Full Truck Alliance (NYSE:YMM) Sets New 12-Month Low – Here’s Why

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) shares reached a new 52-week low on Monday . The company traded as low as $7.66 and last traded at $7.8260, with a volume of 337719 shares traded. The stock had previously closed at $7.80.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price target on the stock in a research note on Wednesday, April 1st. Weiss Ratings cut shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Daiwa Securities Group lowered shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Friday, March 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Full Truck Alliance presently has an average rating of “Moderate Buy” and a consensus price target of $10.79.

Full Truck Alliance Stock Performance

The company has a fifty day simple moving average of $8.59 and a two-hundred day simple moving average of $9.38. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.69 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The company had revenue of $456.32 million for the quarter. As a group, equities analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On Full Truck Alliance

Several hedge funds have recently bought and sold shares of YMM. Compound Planning Inc. increased its holdings in shares of Full Truck Alliance by 7.0% during the third quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after buying an additional 1,048 shares in the last quarter. CI Investments Inc. boosted its holdings in shares of Full Truck Alliance by 10.7% during the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock valued at $142,000 after acquiring an additional 1,052 shares in the last quarter. Parnassus Investments LLC boosted its holdings in shares of Full Truck Alliance by 7.1% during the 4th quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock valued at $248,000 after acquiring an additional 1,529 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Full Truck Alliance by 150.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Capital International Sarl increased its holdings in Full Truck Alliance by 0.8% in the 4th quarter. Capital International Sarl now owns 266,548 shares of the company’s stock worth $2,860,000 after purchasing an additional 2,030 shares in the last quarter. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Company Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.